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Sep 25, 2013
09/13
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and what about the debt ceiling deal? by ceiling deal? by the way, treasury secretary jack lew now says the government will definitely run out of money on october 17. >>> and what about obama care premiums? today the administration said their cost would fall 16% below projections. but our expert says those costs are going to blow sky-high and double for most states in the union. all those stories and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live here at 7:00 p.m. eastern and 4:00 p.m. pacific. and right now
and what about the debt ceiling deal? by ceiling deal? by the way, treasury secretary jack lew now says the government will definitely run out of money on october 17. >>> and what about obama care premiums? today the administration said their cost would fall 16% below projections. but our expert says those costs are going to blow sky-high and double for most states in the union. all those stories and more coming up on "the kudlow report" beginning right now. >>> good...
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grover norquist is in the studio and discuss john boehner insisting on spending cuts in any debt ceiling deal. will the president compromise with boehner this time. look who is back? judge napitano, rested and ready to sound off on president obama. can he use executive power to strike syria, even if congress says no, don't do it? we'll ask him. all right. everybody, it's a day after labor day, back to normal, or is it? here is my take on september. this one will be a september to remember. at the end of the month, obama care, insurance exchanges, they're supposed to be up and running. at the end of the month, we are supposed to have a budget. in the middle of the month shall the president should have made a decision, attack syria or not, and just over the horizon, a few days into october, we run out of money and we have to decide what terms we will borrow trillions more. now that's a very big month. nobody knows how these issues will eventually play out. but very soon, woo we're going to find out how president obama's second term will play out, on debt, spending, taxes, foreign policy, t
grover norquist is in the studio and discuss john boehner insisting on spending cuts in any debt ceiling deal. will the president compromise with boehner this time. look who is back? judge napitano, rested and ready to sound off on president obama. can he use executive power to strike syria, even if congress says no, don't do it? we'll ask him. all right. everybody, it's a day after labor day, back to normal, or is it? here is my take on september. this one will be a september to remember. at...
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Jan 10, 2013
01/13
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how do you deal with long-term fiscal challenges, how do you deal with the debt ceiling, entitlement reform, all of the things that jack lew has deep experience in. and i think that's the economic issue that he thinks is number one of his plate and he chose somebody who he trufts who he thinks can negotiate on his behalf and i think that's the issue. sometimes when presidents pick people from the business community, the business community has an ambassador but is not an insider in the administration. we saw that in the bush administration early on. >> my next question, is there a chance for somebody of the business community talking about coming in from business community or is it difficult to get another member to join when you give away the big title? >> i think when you give away the big title, the biggest names are not going to want to come as somebody's deputy. i don't know how they're going to fill out the lew treasury department, but i expect they will take some care and attention to tending those relationships. but when you look at the big guns on wall street, they're not goi
how do you deal with long-term fiscal challenges, how do you deal with the debt ceiling, entitlement reform, all of the things that jack lew has deep experience in. and i think that's the economic issue that he thinks is number one of his plate and he chose somebody who he trufts who he thinks can negotiate on his behalf and i think that's the issue. sometimes when presidents pick people from the business community, the business community has an ambassador but is not an insider in the...
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Oct 2, 2013
10/13
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this was the big topic overall, the shutdown could last until the debt ceiling deal, two weeks. the hope yesterday would be there was some stopgap continuing resolution measure for one week, two week so everyone could cobble together a deal for the debt ceiling. that may not happen. the talk is right now that if that happens, you can bet fed tapering is probably going to be put off in some degree. the question is how much damage is going to be done and how much is the fed going to have to step in? right now empire reality is still sitting at $13. we'll see if we can talk to some of the people. remax holdings, 25 to 27 and 21 to 24 on burlington stores. two out of three ipos look loik they'll open well above their initial price. >> thank you, bob pisani. we're only down to one more quarter to hoping this year somehow fulfills the prospects that people felt were very good when the year began. remember the heinz deal or even when the dell ipo was in its early stages? we were all so naive. >> you weren't. i said it was going to be the wave and you slammed me -- you head slapped me.
this was the big topic overall, the shutdown could last until the debt ceiling deal, two weeks. the hope yesterday would be there was some stopgap continuing resolution measure for one week, two week so everyone could cobble together a deal for the debt ceiling. that may not happen. the talk is right now that if that happens, you can bet fed tapering is probably going to be put off in some degree. the question is how much damage is going to be done and how much is the fed going to have to step...
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Jan 14, 2013
01/13
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and he said the fiscal cliff deal represented progress but urged congress to raise the debt ceiling, saying it gives the government the ability to pay its existing bills. he said, we think we're getting some effect in lowering interest rates but saying it was still early yet. saying we have found it can be an effective tool but we'll continue to assess how effective and saying that could change over time. this comes in context of a debate on the federal reserve over the effectiveness of the additional quantitative easing and some concern about the negative impact. the felt, d, he said, has the ability to undo the policies before inflation becomes a problem. and then he was asked about the federal reserve enabling congress to spend a lot of money because it buys the government's debt, but he said it's not up to the fed to play games and tell congress what it should and should not be doing on its spending. and he added that the federal reserve has to follow its dual mandate. he was asked about question about his personal and he said, i try to get a lot of sleep and then, melissa, talki
and he said the fiscal cliff deal represented progress but urged congress to raise the debt ceiling, saying it gives the government the ability to pay its existing bills. he said, we think we're getting some effect in lowering interest rates but saying it was still early yet. saying we have found it can be an effective tool but we'll continue to assess how effective and saying that could change over time. this comes in context of a debate on the federal reserve over the effectiveness of the...
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Sep 3, 2013
09/13
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and might a majority bipartisan vote on syria spill over to fights on the budget deal and the debt ceiling? is such a thing possible? by the way, the fed's next meeting, september 17th and 18th, that might be smack in the middle of a syrian bombing operation. what might that mean for the central bank? oh, my goodness. hon.
and might a majority bipartisan vote on syria spill over to fights on the budget deal and the debt ceiling? is such a thing possible? by the way, the fed's next meeting, september 17th and 18th, that might be smack in the middle of a syrian bombing operation. what might that mean for the central bank? oh, my goodness. hon.
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Jan 14, 2013
01/13
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at the enof the day, there's a deal. >> yeah, this is like the debt ceiling is a phony argument. it's really about charter renewal. it's a renewal of a charter do continue spending, and what time and again the american people have been misled on the debt ceiling, what we are talking about you can't default. the government can't default on the debt or paying china and the like, what's bad is entitlement reform. you can. >> but he won't. >> that's not covered by the debt ceiling. >> the president loathes to cut spending of any kind. he wants more spending, in fact, and under no circumstances will he touch medicare, medicaid, social security. agree with that? >> surprised if he touchedded them if there's no real substantive cuts. the only way to cut the diset would be to hit those. i don't think he will. think about this. if simpson-bowles was enacted two years ago or now, if it had, ten years down the road, debt to gdp would be 65%. livable. in greece, it's 100 and change. the other european countries it approaches a hundred. if we do nothing including the new deal putting put toge
at the enof the day, there's a deal. >> yeah, this is like the debt ceiling is a phony argument. it's really about charter renewal. it's a renewal of a charter do continue spending, and what time and again the american people have been misled on the debt ceiling, what we are talking about you can't default. the government can't default on the debt or paying china and the like, what's bad is entitlement reform. you can. >> but he won't. >> that's not covered by the debt...
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Dec 16, 2013
12/13
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we have to deal with the debt ceiling and quickly into 2014. >> what is it they want? the budget has been going down with sequestration. what are they looking for? >> it's about cuts. they don't have to be specific. they just want cuts. about a necessarily specific cuts. it's about numbers, being able to go back to their constituents and say we are reducing the to and bring down the deficit. that's all they care about. they want bold numbers and that's why they had problems with sequestration being raised. theyyou will see is that will regroup after a rough couple of months and come back in january and go to retreat and come out with some specific proposals. ofthe minority runs1/3 government, they need something, like a lot of politics. we appreciate it. our guest host this hour is the author of " bargain fever." mark elwood joins us. nic thompson is with us as well with "new yorker" magazine. how is the holiday season? saw the same store sales increase in november, it was 13% which is the lowest it's been in three years. >> is it just shifting to new retail venues? ha
we have to deal with the debt ceiling and quickly into 2014. >> what is it they want? the budget has been going down with sequestration. what are they looking for? >> it's about cuts. they don't have to be specific. they just want cuts. about a necessarily specific cuts. it's about numbers, being able to go back to their constituents and say we are reducing the to and bring down the deficit. that's all they care about. they want bold numbers and that's why they had problems with...
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Jan 11, 2013
01/13
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he said this is the real debt ceiling. there's always something, isn't there, david? i mean, that's the point. where do you get the best deal? equities? you see that with the inflows to mutual funds. i worry when you see that that some people call the smart money the ones that were in during the time of fear and the slower money that retail money coming in now is that a sign of the top? >> that's called distribution usually. this is because all the money in mutual funds on the sidelines, more or less, a sign of a correction, but as far as we can see without knowing anything else, all the information we have to did on right now, you know, dips meant to be bought as far as we know. >> the markets are complacent about europe. used to be just a couple months ago when whenever, one way or the other, the markets jumped, the mission has been accomplished over that. too optimistic about that? >> well, listen, last three years we started like this in january. be cautious. first quarter is good and problems in europe surface around april or may. i think it's premature because,
he said this is the real debt ceiling. there's always something, isn't there, david? i mean, that's the point. where do you get the best deal? equities? you see that with the inflows to mutual funds. i worry when you see that that some people call the smart money the ones that were in during the time of fear and the slower money that retail money coming in now is that a sign of the top? >> that's called distribution usually. this is because all the money in mutual funds on the sidelines,...
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Oct 8, 2013
10/13
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the white house has president obama would be willing to accept a short-term deal to raise the debt ceiling to get past the october 17th deadline. but it's unclear whether it has the votes to pass. republican aides say ohio senator rob portman, a former u.s. budget director is floating the idea to reopen the debt ceiling giving the gop the across the board spending cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the same time, new polls show the republicans are drawing more fire from the government shutdown than the democrats or president obama. a survey by the pugh research center find 38% blame the gop while 30% blame the administration. that's more sharply divided than two weeks ago. but 58% of democrats and 54% of republicans say it would be unacceptable for their side to back down. that's not a great stat. overall, a majority of the public is concerned about the economic impact of the closure. >>> at the same time, top wall street executives warning that any efforts to prioritize payment of the u.s. debt ceili
the white house has president obama would be willing to accept a short-term deal to raise the debt ceiling to get past the october 17th deadline. but it's unclear whether it has the votes to pass. republican aides say ohio senator rob portman, a former u.s. budget director is floating the idea to reopen the debt ceiling giving the gop the across the board spending cuts currently in place under the sequester and raise the debt ceiling. but portman's proposal may not gabe any traction. at the...
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Dec 11, 2013
12/13
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a small plan can allow washington to avoid any more shut downs or debt ceiling defaults. 2014 is an election year. what i would like to think that this tentative deal accent on tentative marks a recognition everyone gets hurt when we have such rank order including those who vote. their activities are creating wealth in this country. but i think i'm in the minority as this deal was hailed as the whole thing. the deal to end all wars not like world war i. oh well. why didn't we go higher today? other skeptics, no, i think it's because we've been hearing about this possible deal for days now. therefore, both anticlimatic and baked, in meaning the stock market anticipated. that's precisely the kind of profit taking decline that makes me want to put money to work. i didn't see much else out there responsible for this pullback which allows us for the kind of prospecting we were doing. now, i am mindful that some prospects is somewhat blasting caps with dynamite. the landscape has to be blown up before they do buying. i'm not that kind of die. i want to use a discount to get charitable trustees. th
a small plan can allow washington to avoid any more shut downs or debt ceiling defaults. 2014 is an election year. what i would like to think that this tentative deal accent on tentative marks a recognition everyone gets hurt when we have such rank order including those who vote. their activities are creating wealth in this country. but i think i'm in the minority as this deal was hailed as the whole thing. the deal to end all wars not like world war i. oh well. why didn't we go higher today?...
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Sep 3, 2013
09/13
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and might a majority bipartisan vote on syria spill over to fights on the budget deal and the debt ceiling? is such a thing possible? by the way, the fed's next meeting, september 17th and 18th, that might be smack in the middle of a syrian bombing operation. what might that mean for the central bank? oh, my goodness. hold on. "the kudlow report" begins right now. good evening, everyone. i'm larry kudlow. this is "the kudlow report." president obama and his national security team continued to make their case for war today, urging members of congress to authorize a military strike against the syrian government. the president and his team warned that if the answer from congress is no that more chemicals and even worse wapz could be used by dictators like syria's assad. eamon javers joins us live from washington with the details. good evening. >> reporter: secretary of state john kerry made the administration's forceful case for military action on syria up on capitol hill today, testifying before his former committee, the committee that he chaired, the senate foreign relations committee. kerr
and might a majority bipartisan vote on syria spill over to fights on the budget deal and the debt ceiling? is such a thing possible? by the way, the fed's next meeting, september 17th and 18th, that might be smack in the middle of a syrian bombing operation. what might that mean for the central bank? oh, my goodness. hold on. "the kudlow report" begins right now. good evening, everyone. i'm larry kudlow. this is "the kudlow report." president obama and his national security...
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Jan 11, 2013
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ceiling deal. how are we ever going to get out of this conundrum if we don't at some point start paying the money we promised to pay. >> you just said something. how are we going to get out of this conundrum. according to an op-ed by mr. stephen moore, the president doesn't believe there's a problem. do you believe that the material in that op-ed is correct? do you think in your opinion that the government believes the president specifically doesn't believe we have a spending problem? >> the president does need to wake up and assess his surroundings. we are fixing to have the inauguration in a week or so. the debt will stand at a little other 16 trillion. by the time the next permit is inaugurated, the national debt will be $22 trillion. who cannot say there's a serious problem with being awash in red ink, and it threatens the fabric of our republic. >> i don't disagree. yesterday the nominee to replace timothy geithner is jack lew. keep in mind he's problem the professor and frankenstein that crea
ceiling deal. how are we ever going to get out of this conundrum if we don't at some point start paying the money we promised to pay. >> you just said something. how are we going to get out of this conundrum. according to an op-ed by mr. stephen moore, the president doesn't believe there's a problem. do you believe that the material in that op-ed is correct? do you think in your opinion that the government believes the president specifically doesn't believe we have a spending problem?...
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Sep 26, 2013
09/13
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most believe that a deal will be reached in washington regarding the debt ceiling and budget talks. but i think the threat of a miscalculation of such should not be ignored. >> maria? >> yep. i mean, you're looking at a market that is waiting on earnings, jim lowell. tell me about that. what's your expectation for third quarter earnings? we're going to get those numbers beginning next week and the following week when things really pick u. is this market priced for -- or do you think the earnings will surprise? >> i think the earnings could very well surprise. i do suspect we'll see some sort of slowdown. the reality, as bob pisani pointed out, policy risk is a big overhang. look back to the last time the government was shout down. it actually was net positive for the market, significantly so. just a handful of weeks after it reopened. the reality is, we pay a lot less attention to the headlines about political goings on and far more attention to the fundamentals. in this market, look, why buy an index fund which enables you to only buy the market at its peak? we are big believers in
most believe that a deal will be reached in washington regarding the debt ceiling and budget talks. but i think the threat of a miscalculation of such should not be ignored. >> maria? >> yep. i mean, you're looking at a market that is waiting on earnings, jim lowell. tell me about that. what's your expectation for third quarter earnings? we're going to get those numbers beginning next week and the following week when things really pick u. is this market priced for -- or do you think...
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continuing resolution, funding the government, finding obamacare, the debt ceiling, all kinds of budget battles. of course, immigration which the congress expected to try to deal with in september and october. a lot of these things, especially immigration, may be pushed off a little bit. in the timeline of the budget battle, the time line will stay the way that it is right now and less that syria intervention, assuming it happens, it goes really off the rails in which case it will blow apart anything that congress has plans. dagen: can we assume that happens? people can talk about the votes, how they're going. >> nobody knows. it could go either way. this is a president double run congress and the c many times anyway. even if congress denies him approval to hysteria, he could go ahead and do what he wants anyway. the smart money is probably on some sort of limited strike right now. then again, you have unintended consequences. that always happens with a military strike. even if you try to contain it and keep a narrow, it has a tendency of blowing up in directions that you don't anticipa
continuing resolution, funding the government, finding obamacare, the debt ceiling, all kinds of budget battles. of course, immigration which the congress expected to try to deal with in september and october. a lot of these things, especially immigration, may be pushed off a little bit. in the timeline of the budget battle, the time line will stay the way that it is right now and less that syria intervention, assuming it happens, it goes really off the rails in which case it will blow apart...
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Dec 10, 2013
12/13
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ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with the tea party members? >> nothing gets through the house easily. it will be a tough one, ross, as we get through thursday and friday. there will be a lot of tea party members .some democrats who don't like another hit on federal employees who can balk. but i think the majority, which will be boehner and the republican leadership with pelosi and most democrats, that coalition that we've seen a couple of times already this year, i think, will prevail on friday and we'll get a deal. >> okay. which as you say would take pressure away from us heading into 2014. does that take away one other potential impediment for the federal reserve? does it give them another reason to say, hey, we can taper next week? >> that's a really good appointment, ross. for the fed, it's the reason why they didn't taper in december. we get a retail sales report on thursday. i think w
ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with the tea party members? >> nothing gets through the house easily. it will be a tough one, ross, as we get through thursday and friday. there will be a lot of tea party members .some democrats who don't like another hit on federal employees who can balk. but i think the majority, which will be boehner and the republican leadership with...
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Jan 10, 2013
01/13
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the debt ceiling and more among the jobs here, negotiate a debt ceiling and sequester deal with congress, or if you don't do that figure out thousand run the government without debt. an interesting job. also on that agenda, fixing long term entitlements. as well as the broader thing which geithner has been working on, but hasn't really pulled the trigger on, corporate and individual tax reform. let's broaden it out because there's a local other area especially in the wake of the financial crisis. the global finance job. who is the treasury secretary? he's the guy you need to stand up during the next meltdown. second thing, dodd-frank remains out there, unfinished regulations. basil 3. fannie mae and freddie mac as well as more on too big to fail. that's some of the new stuff. how about the old stuff in not an easy job either. he's the main spokesman for the greenback. he will negotiate with china and other partners, as well. and then he's the representative when it comes to the g-20, the imf, world bank and of course what about that other thing, he is the liaison with the business commun
the debt ceiling and more among the jobs here, negotiate a debt ceiling and sequester deal with congress, or if you don't do that figure out thousand run the government without debt. an interesting job. also on that agenda, fixing long term entitlements. as well as the broader thing which geithner has been working on, but hasn't really pulled the trigger on, corporate and individual tax reform. let's broaden it out because there's a local other area especially in the wake of the financial...
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Oct 8, 2013
10/13
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some junior senator in ohio was trying to put together a deal whereby you increase the debt ceiling, end the shutdown, maybe approve the keefestone pipeline. a lot of other people think w l will -- let's concentrate on things we have some real added value in. that's where i'm comfortable. the there. >> i tell you what i want to know, will they change the aluminum guidance? they said it would be up 7%. aerospace is fantastic, 9% to 10%. some of the automotive is 1% to 4%. commercial transport, you see that number? 3% to 8%? that's been doing great recently. the hope here, it's a long shot, maybe they'll raise that number. if they do, they can make a significant difference in the guidance. this has been an underperformer for ages. aluminum has under performed the material sector, the turl sector has underperformed the s&p 500. the s&p is up something like 17% this year. my point is there's a lot of room for the things that move on the up side at this point. just a little change in the guidance particularly in that area on commercial transport could do it. let's move on to the bank earn
some junior senator in ohio was trying to put together a deal whereby you increase the debt ceiling, end the shutdown, maybe approve the keefestone pipeline. a lot of other people think w l will -- let's concentrate on things we have some real added value in. that's where i'm comfortable. the there. >> i tell you what i want to know, will they change the aluminum guidance? they said it would be up 7%. aerospace is fantastic, 9% to 10%. some of the automotive is 1% to 4%. commercial...
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Sep 26, 2013
09/13
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. >> but, ryan, how is this all going to shake out regarding the debt ceiling? guests we talked to on the show say there's reason to be worried, but it's likely going to be an 11th hour deal. what do you think? >> that's typical of the u.s. and congress here as of late. but, you know, the -- and i, too, agree that they're going to end up doing that. but what does it mean, you know, down the road? you continue to have this type of indecision and just simply kick the can down the road a little further and let somebody else deal with the problem. >> as we go through this, do you think we're going to grind higher towards the end of the year? >> yeah, i think we get this through. the underlying business has been gaining momentum here in the u.s. and people's sentiment, you see people purchasing homes again. you see a lot of homes being built. you see individuals making purchases that maybe they hadn't over the last few years. and i think the economy has had decent momentum from the consumer's side and we just follow that through. so if the government can do their wor
. >> but, ryan, how is this all going to shake out regarding the debt ceiling? guests we talked to on the show say there's reason to be worried, but it's likely going to be an 11th hour deal. what do you think? >> that's typical of the u.s. and congress here as of late. but, you know, the -- and i, too, agree that they're going to end up doing that. but what does it mean, you know, down the road? you continue to have this type of indecision and just simply kick the can down the road...
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Jan 14, 2013
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you pay your debts first and then you deal with other spending. the president's tried to turn that upside down by saying he would cancel the debt. he can't do it. he won't do it. he's lying when he says that's what he will do. i think we have a conversation over the next two months reminding the american people that we will pay our debts but we won't pay obama's crazy overspending. >> the people are in charge. whether it's jack lew or tim geithner if you remember what happened at the end of 2011, it was an issue where you're going to be watching on tv that the soldiers that protect our freedom, are they going to get their check? soldiers that came back wounded from the first gulf war, are they going to get their check? that is going to be the issue on the front page, grover, is it not? >> and august of 2011 we had all the same screaming. i did all the television shows where people said taxpayers are causing the problems. i said the president is. we won, he lost. we got the spending cuts which he's trying to fight still but he got his debt ceiling
you pay your debts first and then you deal with other spending. the president's tried to turn that upside down by saying he would cancel the debt. he can't do it. he won't do it. he's lying when he says that's what he will do. i think we have a conversation over the next two months reminding the american people that we will pay our debts but we won't pay obama's crazy overspending. >> the people are in charge. whether it's jack lew or tim geithner if you remember what happened at the end...
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ceiling, those two things are related, there has to be some legislative action. the number of days left on a legislative calendar to deal with those two issues is now limited and is going to be tough to squeeze a real debate in the midst of a serious talk next week so i think the practical question here is how does congress get this done? the way congress get this done is punchs again. you will probably see some temporary action certainly on the budget question, may be on the debt ceiling question. i suspect this drags on until near the end of the year. those of us in washington would like to not see that happen. adam: i read something about larry summers and the potential for him to the federal reserve chairman and is upset me because those opposed to mr. somers are opposed because they want someone in place for when the next financial crisis hits, what washington insiders are saying which led me to believe the next chairman has to deal with the financial crisis with our people in washington talking behind-the-scenes about another lehman type event coming are wa
ceiling, those two things are related, there has to be some legislative action. the number of days left on a legislative calendar to deal with those two issues is now limited and is going to be tough to squeeze a real debate in the midst of a serious talk next week so i think the practical question here is how does congress get this done? the way congress get this done is punchs again. you will probably see some temporary action certainly on the budget question, may be on the debt ceiling...
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Dec 30, 2013
12/13
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have the debt ceiling -- >> let's assume that they don't do -- that the debt ceiling goes through. is that enough without any -- just not being negative versus doing something positive with tax reform or something? >> i think that helps a lot. we don't have to have the tax reform if there's just not the negative pull from government. >> right. >> the economy is getting better. we're a lot more optimistic about the economy than any point since the recession ended and the last few years haven't been great. for the first time i think the risks are to the up side and that should be very helpful for the stock market. the valuations aren't -- it's not like we're going into 2014 over valued. we're kind of appropriately valued. you get a little bit stronger economy and maybe some expansion from there. >> what is the bond market going to trade? you're saying the economy can be much better. will it trade off that or do we need to see inflation before there's a problem with interest rates starting to actually be negative? >> well, when i said the economy is going to be better next year, we ha
have the debt ceiling -- >> let's assume that they don't do -- that the debt ceiling goes through. is that enough without any -- just not being negative versus doing something positive with tax reform or something? >> i think that helps a lot. we don't have to have the tax reform if there's just not the negative pull from government. >> right. >> the economy is getting better. we're a lot more optimistic about the economy than any point since the recession ended and the...
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Aug 26, 2013
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at the white house today spokesman jay carney was asked about the debt ceiling during today's briefing. >> the treasury department is just now saying that the debt ceiling is going to be reached in mid october. does that change your budget calculations, do you anticipate a budget agreement? do you still want to get -- >> anything obviously related to the debt ceiling and issues like that, i would refer you to the treasury department. i believe you're referring to something secretary louis but out. let me reiterate what our position is commanded is unequivocal. we will not negotiate with republicans in congress over congress's response ability to pay the bills that congress has racked up. it is the responsibility of congress to maintain the full faith and credit of the united states. we have never defaulted, and we must never default. that is our position, 100 percent, full stock. obviously we are going to be dealing with congress on the need to find the government. the president has put forward a clear, compromise proposal, brought compromise proposal that would reduce debt significant
at the white house today spokesman jay carney was asked about the debt ceiling during today's briefing. >> the treasury department is just now saying that the debt ceiling is going to be reached in mid october. does that change your budget calculations, do you anticipate a budget agreement? do you still want to get -- >> anything obviously related to the debt ceiling and issues like that, i would refer you to the treasury department. i believe you're referring to something secretary...
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Dec 30, 2013
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they are worried a little bit about the debt ceiling. they are also saying they are wondering what will happen with equities when the calendar flips to 2014. of course, at the same time, we are watching some of those issues impacting goald as well. a rough year for gold. it's worst in 30 years. we are hovering above the 1200 mark. trade certificates also saying watch the dollar very closely. we are down a little bit today, not seeing a boost for crude or for gold. that 80 handle very critical. >> we're looking at names of stocks that have gone up 100%, 200%, 300% in the past year. there are 30 names that made the cut, yahoo! facebook, up over 100% this past year. biotech, also a major outperformer, gilead sciences, celgene, and deckers, the parent company of uggs and pitney bowes and r.r. donnelly making the 100% club. eight of them are up 200% in the past year. momentum up. netflix, micron technology, tesla, you can't count out brick-and-mortar retail. best buy up more than 240% in the past year. as for whether we are going to see more
they are worried a little bit about the debt ceiling. they are also saying they are wondering what will happen with equities when the calendar flips to 2014. of course, at the same time, we are watching some of those issues impacting goald as well. a rough year for gold. it's worst in 30 years. we are hovering above the 1200 mark. trade certificates also saying watch the dollar very closely. we are down a little bit today, not seeing a boost for crude or for gold. that 80 handle very critical....
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Sep 9, 2013
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i'm wondering how they move it this time to get the debt ceiling raised by mid october. i suspect it may push beyond that. i think there will be a comprise that will have to involve perhaps dealing with entitle element. that's a way out. there is some common industrial and view between both the democrats and republicans we need to do something about medicare. that could be sort of the way out on the debt ceiling tight. -- fight. that is a big issue trying to tackle something like medicare. >> guest: once you add the entitlement in the democrat and the white house will say we need to do something about tax. >> that's the issue of the grand bargain. short of shifted to the back burner. we come up with a spending strategy that involves taxes and does involve the entitlement that one of the biggest accomplishment of congress of all time if they manage to pull it up. it will come up in the congress debate. >> host: we're talking your comment and questions this morning about -- talking about congress' full agenda. darwin is up from little elm, texas. good morning. democratic l
i'm wondering how they move it this time to get the debt ceiling raised by mid october. i suspect it may push beyond that. i think there will be a comprise that will have to involve perhaps dealing with entitle element. that's a way out. there is some common industrial and view between both the democrats and republicans we need to do something about medicare. that could be sort of the way out on the debt ceiling tight. -- fight. that is a big issue trying to tackle something like medicare....
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Sep 13, 2013
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are raises the debt ceiling. but you've got at least 40 republicans in the house right now who are only willing to pass something off the house floor that defunds obama care. you have a white house that under no circumstances that is going to agree to cuts to obama care. you have democrats in the house and senate who not only don't want to touch obama care but think we should get rid of the sequester, add more spending back. the path to get from where we are now, the complete catastrophe mess we are in now to funding the government and raising the debt ceiling, it's hard to see how to get there. republicans look at the numbers and say americans don't want to raise the debt ceiling. i think it's because americans don't stand what the debt ceiling is, it's complicated. it's a scary thing i think ultimately. >> i hate to put my colleagues on the spot but i want to hear what your thoughts are on how likely this is because you typically are pretty good at this. right now on this date obviously understanding we have a
are raises the debt ceiling. but you've got at least 40 republicans in the house right now who are only willing to pass something off the house floor that defunds obama care. you have a white house that under no circumstances that is going to agree to cuts to obama care. you have democrats in the house and senate who not only don't want to touch obama care but think we should get rid of the sequester, add more spending back. the path to get from where we are now, the complete catastrophe mess...
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Sep 27, 2013
09/13
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ceiling, would you support the kind of measure that raised the debt ceiling for a short period of time if it gave a little more breathing space to work out a longer term deal? >> i think a number of us would agree with that. but ultimately, we have to summon the courage to do the right thing. and the right thing in the end is, as i said earlier, come up with a comprehensive debt reduction plan, where by the republicans agree to tax reform that raises revenues, democrat agree to entitlement reform, saves these programs for the long haul, saves money, doesn't savage old people or poor people. the third thing to do a longer term issue you look at everything we do in the federal government, everything we do from a to. >> and say how do we get a better result for less money. ironically in, they cover everybody in japan. we desperately need to find ways, and we are, to be able to get good health care, better health care coverage for people for less money. with he can do that. and the exchanges, so-called marketplaces, ironically, republican idea a good idea, and they're fight it. >> senator,
ceiling, would you support the kind of measure that raised the debt ceiling for a short period of time if it gave a little more breathing space to work out a longer term deal? >> i think a number of us would agree with that. but ultimately, we have to summon the courage to do the right thing. and the right thing in the end is, as i said earlier, come up with a comprehensive debt reduction plan, where by the republicans agree to tax reform that raises revenues, democrat agree to...
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Oct 29, 2013
10/13
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with it with the debt ceiling debate, if you're not going to be able to pay social security checks, you got a big problem. one would expect if puerto rico got to that, it would be the same problem, wouldn't it? >> this goes to the ability to pay. one of the things i take comfort in is the massive improvement that's taken from the fundamental standpoint over the last several years. they've run a structural budget deficit for years. that budget deficit peaked four years ago. so it's actually improving. the budget deficit expected for this fiscal year is down to $800 billion, which is really just slightly more than 1% of their gnp. the bottom line is they have to fix their budget deficit. the market has given them a wake-up call, and they are doing those this eveninngs necessary. >> but in order to do that, they would have to generate economic growth. they've been in a rescission since 2006, to carl bass' point, there is a population decline. you can site statistics, paying a lot for electricity use, crime rate going up, population declines. what makes you think they'll be able to get
with it with the debt ceiling debate, if you're not going to be able to pay social security checks, you got a big problem. one would expect if puerto rico got to that, it would be the same problem, wouldn't it? >> this goes to the ability to pay. one of the things i take comfort in is the massive improvement that's taken from the fundamental standpoint over the last several years. they've run a structural budget deficit for years. that budget deficit peaked four years ago. so it's...
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Dec 11, 2013
12/13
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the debt ceiling debate gets pushed down to february. >> some are calling it a christmas miracle. lawmakers announcing they did reach that budget deal it that aims to avert another shutdown. but should anybody be popping the champagne just yet? congressman van hollen joins us this morning. how are you? >> good, how are you? >> not bad. how would you characterize the agreement? >> it's not a perfect agreement. i do think it's a very small step in the right direction because it avoid as big part of the sequester, the very deep and immediate cuts that would take place, which would be a drag on the economy, a small drag but a drag. and would undermine some of our very important investments in science and research and education. so, look, on balance i think it's good. now, with respect to unemployment insurance. my view is we should not leave town without dealing with that issue. you're going to have millions of americans out in the cold if we don't address that issue. we got to take it up. >> congressman, what are the chances do you think it will get through the house? let's be very c
the debt ceiling debate gets pushed down to february. >> some are calling it a christmas miracle. lawmakers announcing they did reach that budget deal it that aims to avert another shutdown. but should anybody be popping the champagne just yet? congressman van hollen joins us this morning. how are you? >> good, how are you? >> not bad. how would you characterize the agreement? >> it's not a perfect agreement. i do think it's a very small step in the right direction...